GE releases statement following Greenville layoffs

GE has released a statement following the announcement of layoffs in Greenville this week. A spokesperson with the company released the following statement:

Based on the current challenges in the power industry and a significant decline in orders, GE Power continues to transform our new, combined business to better meet the needs of our customers. As we have said, we are working to reduce costs and simplify our structure to better align our product solutions, and these steps will include layoffs. These are difficult decision, which does not reflect on our employee’s performance, dedication, and hard work. GE will be providing a comprehensive severance package to impacted employees including outplacement and transition support to new employment.